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k stone.this from mar guest: i think tax expenditures is a big problem. there are tax revenues that we should be taking in which we are not because we are subsidizing a significant amount of what some have termed corporate welfare. billions of dollars to the oil and gas industry, they are making record profits. the tax expenditures are costing the american people in ways that are problematic. host: what would you cut the besides defense? guest: revenues that we have lost that would otherwise should take in. other than defense, there is waste and inefficiencies in a wide range of domestic spending programs. i am willing to take a look at almost everything. i think the demonization of social security and medicaid are inappropriate. they are not responsible for the deficit problem we have right now. ronald reagan in a debate with walter mondo and clear social security has nothing to do with the deficit. it was true then and it is true now. att in plano, texas. caller: thank you for taking my call. food stamps is not one of the areas that needs to be cut. it
k stone.this from mar guest: i think tax expenditures is a big problem. there are tax revenues that we should be taking in which we are not because we are subsidizing a significant amount of what some have termed corporate welfare. billions of dollars to the oil and gas industry, they are making record profits. the tax expenditures are costing the american people in ways that are problematic. host: what would you cut the besides defense? guest: revenues that we have lost that would otherwise...
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Dec 6, 2013
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in this includes the tax benefits markedly and this has been a laudable accomplishment. but it also increases the income level at which people can get these american opportunity tax credit all the way up to $180,000. we ran from the 80th percentile to the 95th percentile. .. >> leslie one of you mentioned the cost of books for students. we filed some legislation trying to get the textbook materials more accessible to online to reduce the cost. can anyone speak to the cost of high textbooks? >> acosta of textbooks definitely has increased over the last number of years and goes up every year. most institutions that i am familiar with have a variety of ways that students can get those books. we implemented a program they kiev rent the textbooks so we always have the buyback provision to bring them back at the end of the semester. they can read to them. they have the opportunity to purchase a textbook as a nod to college provider right now what we have not been able to solve is the community college students who want to buy books electronically ian to provide them money up f
in this includes the tax benefits markedly and this has been a laudable accomplishment. but it also increases the income level at which people can get these american opportunity tax credit all the way up to $180,000. we ran from the 80th percentile to the 95th percentile. .. >> leslie one of you mentioned the cost of books for students. we filed some legislation trying to get the textbook materials more accessible to online to reduce the cost. can anyone speak to the cost of high...
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Dec 5, 2013
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near to date has been through a tax cap. a lot of other budget cuts. the things that teachers actually need to do, work together, use the standard as a guideline on a straitjacket, have curriculum, method not happen. in a couple places it did, in a lot of places it did not. the big mistake that both the federal government made and other people -- king would say to you, i was sick and tired of telling people what to do and then not doing it. that is not your job to tell people what to do. your job is to help navigate people through this again actual ship. consequently, last year, new york, there were elementary schools these tests. a lot of people were not prepared. the question is, how did they actually know the exact number? it creates teachers draft. you can actually figure out what the cut scores were and how to align it. between the lack of preparation for teachers, the lack of communication with parents, and the sense that you are using the data, using the kids' data, and you know exactly where the scores will come in. this year, what has happened
near to date has been through a tax cap. a lot of other budget cuts. the things that teachers actually need to do, work together, use the standard as a guideline on a straitjacket, have curriculum, method not happen. in a couple places it did, in a lot of places it did not. the big mistake that both the federal government made and other people -- king would say to you, i was sick and tired of telling people what to do and then not doing it. that is not your job to tell people what to do. your...
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Dec 10, 2013
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taxes will go up because the bill will be massive. they will force young people to buy in and employed people to pay more, period. they have to. >> penny? >> under the existing system we were paying for the young and healthy to get into a car wreck and go into the mrnl room. taxpayers were already paying for it. for them to have affordable health care at a base minimum of what the package could be, some of it could be $50. it will be able to lessen the burden. >> a young person would rather have catastrophic care with with a high deductible because odds are they aren't going to get sick at a young age. if they got cancer or this a car accident they would be covered. this doesn't give them the option. >> it does, if they sign up. >> no, it doesn't. >> if they sign up at the base level, yes. they are able to have catastrophic coverage. >> why are people losing coverage they like? it doesn't meet the, quote standards in the law. >> there is an improved standard. >> you have to take the plan -- >> you're making my point. lots of people ga
taxes will go up because the bill will be massive. they will force young people to buy in and employed people to pay more, period. they have to. >> penny? >> under the existing system we were paying for the young and healthy to get into a car wreck and go into the mrnl room. taxpayers were already paying for it. for them to have affordable health care at a base minimum of what the package could be, some of it could be $50. it will be able to lessen the burden. >> a young...
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Dec 4, 2013
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and because even with strengthened that safety net and extended pro-work and pro-family tax credits, a recent study found that the poverty rate has fallen by 40% since the 1960s. and these endeavors didn't just make us a better country. they reaffirmed we're a great country. so we can make a difference on this. in fact, that's our generation's task, to rebuild america's economic and civic foundation to continue the expansion of an opportunity for this generation and the next generation. and like -- [ applause ] and like nira, i take this personally. i'm only here because this country educated my grandfather on the g.i. bill. when my father left and my mom hit hard times trying to raise my sister and me going to school, this country helped make sure we didn't go hungry. when michelle, the daughter of a shift worker at a water plant and a secretary, wanted to go to college just like me, this country helped us afford it until we could pay it back. so it drives me as a grandson, a son, a father, as an american, to make sure that every striving,heart hard-working, optimistic kid in americ
and because even with strengthened that safety net and extended pro-work and pro-family tax credits, a recent study found that the poverty rate has fallen by 40% since the 1960s. and these endeavors didn't just make us a better country. they reaffirmed we're a great country. so we can make a difference on this. in fact, that's our generation's task, to rebuild america's economic and civic foundation to continue the expansion of an opportunity for this generation and the next generation. and...
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Dec 4, 2013
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it seems to me that he has the authority to amend the taxes which the affordable healthcare tax is according to the supreme court what is to prevent him from just amending the any tax to his liking. mr. turley weigh in on this if you would. >> i have to agree first of all oon the remark about article on, as i said before it is true that they are all equal branches, but the framers spent most of their time on congress because it is something harder than the madisonian system. it's where the magic happens and that is to take those interests that the strike countries and turned them into a majoritarian compromise. when we get to the issue of taxes, that is one of the most divisive issues facing the country. so when someone comes before the congress and says i want my group to be excluded, it obviously produces a great deal of heat. some people say how about my group, how long should this apply? it is the most divisive issue raised in congress and that is why it was given to the congress so that type of issue would be subject to the transformative process of the legislation. >> so do you belief
it seems to me that he has the authority to amend the taxes which the affordable healthcare tax is according to the supreme court what is to prevent him from just amending the any tax to his liking. mr. turley weigh in on this if you would. >> i have to agree first of all oon the remark about article on, as i said before it is true that they are all equal branches, but the framers spent most of their time on congress because it is something harder than the madisonian system. it's where...
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Dec 6, 2013
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low taxes. of course, wee got to cut taxes. >> president obama sits back and watches this unfold. ken senator rand paul taking action. >> the kentucky senator wants to keep detroit a conservative utopia. >> what i'm promoting is something called economic freedom zones. >> these zones free up detroit to bail themselves out. >> reduction in individual and corporate tax rates. >> get rid of the capital gains. >> reduce the red tape and let businesses thrive. >> this is horrible. this idea much. >> i think really what we need to do is try something different. >>. >> let's turn now to michael eric dyson, georgetown university professor and msnbc political analyst. that's all you've got to do, professor, is just take that red tape and then cut it. >> and then all of a sudden these jobs are going to show up. rand paul in detroit, and he wants to open up the gop's african-american engagement the office to reach out to voters. i mean, is he the best ambassador to the party? your thoughts on this effort. >> yeah, if he is, ed, it's a pretty -- it's an awful shame. because, look, his heart,
low taxes. of course, wee got to cut taxes. >> president obama sits back and watches this unfold. ken senator rand paul taking action. >> the kentucky senator wants to keep detroit a conservative utopia. >> what i'm promoting is something called economic freedom zones. >> these zones free up detroit to bail themselves out. >> reduction in individual and corporate tax rates. >> get rid of the capital gains. >> reduce the red tape and let businesses...
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Dec 9, 2013
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people, young people today, know that their concern is not the tax rate that they're going to pay as they get older. their concern is getting a job at all. and getting some relief from what wall street has engineered. this incredibly unfair debt burden. and it's no accident that the board of third way is comprised of wall street bankers and that the policies they are pushing are privatization of social security, lower taxes for the very, very rich, and no relief, no common sense relief, for example, like the proposal before congress now to allow students to refinance their student loan debt the same way homeowners refinance their mortgage. i mean, just common sense, reasonable policies for people who don't have a lot of money. and that's where millennials and gen xors are. >> john fugelsang, it seems we can now find the moderate republicans in the third way. >> well, i think you're right. and i'm always moderately shocked when moderate democrats say the party needs to be more moderate. i'm not a democrats but republicans do keep forcing me to vote for the party. and watching this is
people, young people today, know that their concern is not the tax rate that they're going to pay as they get older. their concern is getting a job at all. and getting some relief from what wall street has engineered. this incredibly unfair debt burden. and it's no accident that the board of third way is comprised of wall street bankers and that the policies they are pushing are privatization of social security, lower taxes for the very, very rich, and no relief, no common sense relief, for...
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Dec 4, 2013
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let me start with a low-hanging fruit, tax benefits. the hope scholarship tax credit used to limit $120,000 in family income. that is the 80th percentile nationally. the obama administration which i worked 10 extended the higher education tax benefits for -- markedly and i think that is then a laudable accomplishment but it also increased the income level at which people can get an american opportunity tax credit formerly hope all the way up to $80,000 away from the 80th percentile to the 95th percentile. why are we providing tax benefits and that some $7 billion a year to folks in the top income quintile. why is it that mitt romney -- i have three, 529's but why can mitt romney get tax benefits attached to it when he is students need of pell grants? closer to an attack site but i think there are others in the committee's jurisdiction. >> that is an interesting concept and we may follow up with you. the other is financial incentives to borrowers that have ffel loans to get them to convert their debt to a direct loan on that basis. have
let me start with a low-hanging fruit, tax benefits. the hope scholarship tax credit used to limit $120,000 in family income. that is the 80th percentile nationally. the obama administration which i worked 10 extended the higher education tax benefits for -- markedly and i think that is then a laudable accomplishment but it also increased the income level at which people can get an american opportunity tax credit formerly hope all the way up to $80,000 away from the 80th percentile to the 95th...
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Dec 9, 2013
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the tax is a federal tax. it is important to account for it separately since we have a dedicated payroll tax for that purpose. balancing should be -- ideally it would be good if we could say social security was completely off budget. and technically speaking it is off budget. it is money that comes into the treasury and the benefits go out. it is not as if beneficiaries -- we talk about the payroll tax being insufficient to cover benefits, which it is right now. the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is on our line for and dependents. -- for independents. calle
the tax is a federal tax. it is important to account for it separately since we have a dedicated payroll tax for that purpose. balancing should be -- ideally it would be good if we could say social security was completely off budget. and technically speaking it is off budget. it is money that comes into the treasury and the benefits go out. it is not as if beneficiaries -- we talk about the payroll tax being insufficient to cover benefits, which it is right now. the program is running a...
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Dec 5, 2013
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taxes, raise the cost for everybody else. if you just track down deadbeat taxpayers, people hiding their money overseas, you could actually cover the cost. so, our plan pays for one year of unemployment compensation. downg the government set to shutdown, this economy lost unnecessary,or an shameful action. the cost of providing compensation for the next year, 24 billion dollars. we do pay for it. theay for it by making sure deadbeats and people trying to hide their money pay their share of taxes. >> you seem to have an array of questions. turn to ourto ranking member on the appropriations committee for her .iew >> thank you, madam leader. i will just mention a few things. number one, it is very clear from chairman rogers and all of the 12 cardinals, chairs of the , theyriations committee have issued a statement. they have discussed the process more than once. they have made it clear they don't want to continue -- want a continuing resolution. they want to have a budget that is workable. i mention this because my colleague tal
taxes, raise the cost for everybody else. if you just track down deadbeat taxpayers, people hiding their money overseas, you could actually cover the cost. so, our plan pays for one year of unemployment compensation. downg the government set to shutdown, this economy lost unnecessary,or an shameful action. the cost of providing compensation for the next year, 24 billion dollars. we do pay for it. theay for it by making sure deadbeats and people trying to hide their money pay their share of...
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people who are here -- this is a tax. he cannot change tax laws. i wish she would bring that truck driver agreement and when he signed it into law and throughat up immigration and stuff like that. give the american people a voice. the house judiciary committee held a hearing recovered -- we about the president and executive power, republicans siding that he change the health power andy executive that he has done the same on other issues. that,'re interested in you can go to our website c- span.org and you can see it there. we covered that hearing yesterday. that policyying differences don't constitute a constitutional crisis. that was their opinion of yesterday's hearing. in ohio.to ed republican. caller: good morning. of course people should be fired. from the head of the fish to the bottom. there is a pattern in this whole administration. it is nonstop. denial, denial, deny -- they are --yal to ridiculously that would be the last person he would fire. people keep forgetting all of these little things they slipped in. he is very bright. he came in
people who are here -- this is a tax. he cannot change tax laws. i wish she would bring that truck driver agreement and when he signed it into law and throughat up immigration and stuff like that. give the american people a voice. the house judiciary committee held a hearing recovered -- we about the president and executive power, republicans siding that he change the health power andy executive that he has done the same on other issues. that,'re interested in you can go to our website c-...
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Dec 2, 2013
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they passed a tax increase with the president, but in general not a lot moving. things are going to move on and they are looking and talking about hillary clinton and what's going to happen then in 2017 as if he's a lame duck already. >> that doesn't help. this quote is like -- the problem the president has is that perception among democrats in washington that he's already a lame duck. that's what the quote screams. >> you have to separate out what goes on here. the thinking of people here and the calculations and all that. with the rest of the country. >> but i think what happened this year is that it has infected the culture of the political class who are watching the president. i think that turning that around, even if the health care law, the website begins to work better and there were further signs of improvement. it's a larger problem than bouncing back. >> the bigger issue this year is one of the things about this idea that politics, both parties are a mess. both parties. the president is a mess. the alternative seems like the unexpected in 2014 will be h
they passed a tax increase with the president, but in general not a lot moving. things are going to move on and they are looking and talking about hillary clinton and what's going to happen then in 2017 as if he's a lame duck already. >> that doesn't help. this quote is like -- the problem the president has is that perception among democrats in washington that he's already a lame duck. that's what the quote screams. >> you have to separate out what goes on here. the thinking of...
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taxing political contributions. again, not in the law. political speech disclosures for federal contractors. the deepwater drilling ban. mr. holder's attempt to reform criminal justice by selectively enforcing our laws. the, mr. obama unilaterally ignoring immigration laws in many cases. recess appointments. "fast & furious" where, were unconstitutional efforts there to walk guns. unconstitutional wiretaps of the ap. the irs scandal, one of the more egregious ones as the gentleman mentioned, subverts the entire political process. and of course obamacare which i'll touch on in a moment. but all of these are examples where this president, in the words of my friends on the left, has, as exercised prosecutorial discretion. that's the word. presidential pardon powers but i think they're more along the lines of professor turley said. these are, could be considered royal prerogatives. if my history is right, that's what we had the little unpleasantness with great britain about and, so the subject here is of profound significance. and i would sug
taxing political contributions. again, not in the law. political speech disclosures for federal contractors. the deepwater drilling ban. mr. holder's attempt to reform criminal justice by selectively enforcing our laws. the, mr. obama unilaterally ignoring immigration laws in many cases. recess appointments. "fast & furious" where, were unconstitutional efforts there to walk guns. unconstitutional wiretaps of the ap. the irs scandal, one of the more egregious ones as the gentleman...
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they collect tax information that criminals could use for scams. >> they say you should build the security platform first so customers and consumer trust you and your product. >> the president will try to sign up on the federal exchange. do you think it will be smooth? send us a tweet and let you know what you think about the president's exercise in trying to sign up. >> when speaker boehner did this about a week ago it took about a couple hours. >> i think it is going to go smoothly when the president tries >> hearing on the hill about how the president has handled this. the house is looking to see if the president violated constitutional rulings. >> you can expect the tone to be tough today. look at what house chairman bob said quote president obama has disregarded the mandates and changed key provisions without approval and failed to enforce immigration and drug laws. it is apparent, he says, that the president's vested interest is in the interest of his own agenda. you can expect democrats to take up for the president. >> who are the witnesses on this? >> familiar faces from cable news
they collect tax information that criminals could use for scams. >> they say you should build the security platform first so customers and consumer trust you and your product. >> the president will try to sign up on the federal exchange. do you think it will be smooth? send us a tweet and let you know what you think about the president's exercise in trying to sign up. >> when speaker boehner did this about a week ago it took about a couple hours. >> i think it is going...
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only thing they agree is taxes should be lower. if they try to do anything else they run into a freak out problem with the base. they need to try to be willing to let some of those voters go elsewhere or stay home or reach out to new people. until they do that -- >> they need to leech themselves. the republican party has failed in terms of creating a governing platform, the tea party has won in that the goalposts moved far to the right, broud bipartisan, budget talks, extending unemployment benefits is a democratic ask. i wonder what you think -- bernie sanders said to the "washington post," i don't wake up every morning saying oh, my goodness, i don't wake up every morning and say i want to be president. but if nobody is going to do it, i'll do it. there's talk about elizabeth warren, bill dallas i don't, if not more resurgent, ascend ant in the last years. >> one of the things that happens through the end of press tension administration politics gets broader and more imaginative and more hinged to the personalities that run it. b
only thing they agree is taxes should be lower. if they try to do anything else they run into a freak out problem with the base. they need to try to be willing to let some of those voters go elsewhere or stay home or reach out to new people. until they do that -- >> they need to leech themselves. the republican party has failed in terms of creating a governing platform, the tea party has won in that the goalposts moved far to the right, broud bipartisan, budget talks, extending...
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barack had 94 opportunities -- on the tax thing, i want to correct you on that again. and i want to let you know what i did as a mayor and as a governor. and i may not answer the questions that either the moderator or you want to hear, but i'm going to talk straight to the american people and let them know my track record also. >> you can see him, he's like, uh-oh, no. i guess the important thing, this does go to the idea that clearly, and this is from a cnn.com story, from back in 2008, clearly biden had been prepped specifically about running against a woman candidate and, in fact, in this story, no candidate for president or vice president in the history of the country has had more advice on what to say than senator biden had on his debate with senator palin. >> and he comported himself extremely well, because biden is not one to bite his tongue in any way, shape, or form. but i do think that for the republican party, again, this is going to be, especially with the tea party, and the tea party holds far more conservative views about women, about minorities, about th
barack had 94 opportunities -- on the tax thing, i want to correct you on that again. and i want to let you know what i did as a mayor and as a governor. and i may not answer the questions that either the moderator or you want to hear, but i'm going to talk straight to the american people and let them know my track record also. >> you can see him, he's like, uh-oh, no. i guess the important thing, this does go to the idea that clearly, and this is from a cnn.com story, from back in 2008,...
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Dec 5, 2013
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to set some spending so we can have regular order, to change some of the sequester , and no big, new taxes. no big changes in entitlements. --s that just sound like does that gist semi-something the president can work with? >> you need to see the specifics. the democrats are pretty unified in terms of the things that are most important. one of the most important things , which will be a framing concept of what you accept, we of the at this stage economic recovery, we are recovering. we are getting there. we want to have this agreement be a part of what can further support economic growth and job creation. sequester, replace which are cuts to discretionary , replace that with longer-term issues. we maintain deficit reduction in , but for right now, what we need now is a little more that. that is one of the most important parameters. >> one of your most important priorities is -- >> replacement of the sequester. cuts across the board. the sequester was a tool that was put in lace -- it was a threat. -- put in place. it was a threat. we are in a situation where both republicans and democrats
to set some spending so we can have regular order, to change some of the sequester , and no big, new taxes. no big changes in entitlements. --s that just sound like does that gist semi-something the president can work with? >> you need to see the specifics. the democrats are pretty unified in terms of the things that are most important. one of the most important things , which will be a framing concept of what you accept, we of the at this stage economic recovery, we are recovering. we...
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the facts on the ground are that in recent years the gap between the premiums into payroll taxes going in is $300 billion. >> that is a cash flow deficit. we get 10,000 beneficiaries every day and the absence of general reform that allow people to get the care that they need and deserve and abby slover cost growth it will fall under its own financial weight. >> for the secretary to affirm, $500 billion that isn't really chump change in the big picture of health care costs. i am getting comments from constituents in the district who medicare advantage folks now their benefits are being reduced. they are losing access to their preferred physicians. this is under the current system now. my question is how much worse can this get for my seniors who opt out for medicare advantage? again if the strategy for controlling costs is a traditional one of just cutting the provider members and whether its doctors, hospitals, it will backfire. that approach without reform that gives you the prevention and coordination and the better care congress ends up having to put the money back in because you ha
the facts on the ground are that in recent years the gap between the premiums into payroll taxes going in is $300 billion. >> that is a cash flow deficit. we get 10,000 beneficiaries every day and the absence of general reform that allow people to get the care that they need and deserve and abby slover cost growth it will fall under its own financial weight. >> for the secretary to affirm, $500 billion that isn't really chump change in the big picture of health care costs. i am...
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Dec 6, 2013
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>> in a pure market, they would be no tax subsidies. but many of the resources to dig into the market have tax subsidies of one sort or another that are not taken into account in the market price. >> commissioner, sir. >> it will affect an open marketplace. having said that, i am concerned some of the nuclear facilities that have been closing i'd like you never tiring because the negative night time pricing is a concern for me because the long-term stability of these low fuel in our system is important. >> yeah, we need those. >> commissioner clark. >> i would agree for the reasons you've identified. obviously the decision for congress to make whether they will be ptc are not clearly does have a market distorting impact, especially in very wind rich parts of the country and at certain times of day at certain times of the year. >> one follow-up question for mr. krantz questioned about our reliability past year in congress. yes or no, that were not there still agree it is bad policy to trap companies between two regulators with different
>> in a pure market, they would be no tax subsidies. but many of the resources to dig into the market have tax subsidies of one sort or another that are not taken into account in the market price. >> commissioner, sir. >> it will affect an open marketplace. having said that, i am concerned some of the nuclear facilities that have been closing i'd like you never tiring because the negative night time pricing is a concern for me because the long-term stability of these low fuel...
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when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during the obama so called recovery they got 93%. so the rich have all these special deals which is helping them get more money while the poor are losing. >> i hear what you are saying. here's the thing. we see time and again these poll significances say we do want pro growth economic policies but they show up in washington d.c. and i think they got some kind of stockholm syndrome where they do their krony capitalism to redistrict and that doesn't work. mike is right. all new job creation over the last decade or so comes from the small business startups and, boy, they're g
when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during...
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tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making it expensive for city government and for businesses to locate in detroit. we think if you combine all of this, that it would be the model for how you would rescue cities across the country but any impoverished area. we have impoverished areas in eastern kentucky. we think this same plan would rescue them and parts of louisville and other major cities. >> maybe the country while you're at it. we have had five years of spread the wealth. you didn't build that. share share economics. where has obama failed detroit? >> here's the problem. the president says let me tax houston, send it to washington, then i'll pass
tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making...
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Dec 7, 2013
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it has very good tax treatment. >> do you leave a lot to your family? >> that's a very sensitive question, too sensitive to answer. >> i'm taking it all for me. kids, you're on your own. guys, thanks very much. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic market, that if you work hard you have a chance to get ahead. >> president obama this week blasting income inequality, but are his policies to blame. welcome to forbes on fox. let's go in focus with steve forbes and others. steve, have his policies helped or hurt income disparity? >> it's hurt. this is the most miserable recovery in american history. medium incomes are lower than they were five years ago, the uncertainty of obama care, the horrific tax code, less opportunity for people to rise up. >> rick, he is criticizing something that happened under his watch. >> yeah, here's the problem that i have. first of all, and john will love hearing me say this. i'm not sure that government is a big answer. >> we are all happy to
it has very good tax treatment. >> do you leave a lot to your family? >> that's a very sensitive question, too sensitive to answer. >> i'm taking it all for me. kids, you're on your own. guys, thanks very much. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic market, that if you work hard you have a chance to get ahead. >> president obama this week blasting income inequality, but are his...
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Dec 3, 2013
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the senate side has been dead on arrival, whether it was immigration or fairness in internet sales tax. all of these measures coming over from the senate are literally wilting here, because the committee system on the house side is unwilling to take these measures up. so i think he is looking through a different lens. >> well, your colleagues on the other side of the aisle actually do have an idea that they want to put forward. and it would ease sequestration, a couple measure of the republican house caucus would like to ease sequestration by cutting social security. is that the kind of seriousness that americans are looking for out of congress, or in a way, should americans be kind of glad they're not getting a lot done because that's the kind of thing they want to do? >> well, good point. but that is -- in my view, dead on arrival, both among democrats and in the senate. to somehow say we want to ease sequestration so we can line the pockets of defense contractors and by the way we're going to do it on the backs of senior citizens in this country, is just an anathema, to me and most
the senate side has been dead on arrival, whether it was immigration or fairness in internet sales tax. all of these measures coming over from the senate are literally wilting here, because the committee system on the house side is unwilling to take these measures up. so i think he is looking through a different lens. >> well, your colleagues on the other side of the aisle actually do have an idea that they want to put forward. and it would ease sequestration, a couple measure of the...
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lowering their taxes if. i was doing was corporate shill corporate shill want to own one and then on top of that he has the i when i was talking about assaulting the mandatory minimum drug on top of the corporations just pop of that he has just love a libertarian senator who rails against the war on drugs and talks about bringing blondes out of poverty corporations love that top of that you know go it in the say let's have more corporate tax breaks and let's have more tax yes for rich people on top of that he's saying oh and by the way the people who are unemployed after after twenty six weeks. now is the time i was there and all and i know you believe i know you hate freedom but here's the thing is that people in the united states need freedom and the thing that you know the only way you're going to have your activity somebody is no more free when they're unemployed and they lose their unemployment benefits say your definition of freedom well i'll tell you what's my definition of freedom and that's your defi
lowering their taxes if. i was doing was corporate shill corporate shill want to own one and then on top of that he has the i when i was talking about assaulting the mandatory minimum drug on top of the corporations just pop of that he has just love a libertarian senator who rails against the war on drugs and talks about bringing blondes out of poverty corporations love that top of that you know go it in the say let's have more corporate tax breaks and let's have more tax yes for rich people on...
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Dec 6, 2013
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when obama inherited the office, rich people were getting big tax breaks. >> you mean the tax breaks that b obama kept? >> yes. >> now they're not is what you're saying? >> yes, they took the tax breaks away. >> how do you explain the top 1% is outpassing by seven times what the lower 99 are making? >> here's exactly what obama -- >> believe it or not, president obama has actually widened the income gap but in a good way, bob, in a good way, because the 1% is going up, 34%, 99%, 4%, but they're going up, so that's a good thing. incoming equality is a misnomer. if the rising tide is rising all boat, raising all boats, that's a great thing. >> how can you say 15 years the top 1% increase of income take home pay is 247% and middle clashgs over the same 15 years, is 15%? you're saying that's equal? >> he's saying the numbers are rising up and that's good. >> it's better for everyone when this happens. >> when the rich people get richer? >> and the poor people get richer, yes. >> before you continue, let me get greg in here first. because you earlier were talking -- >> this argument about
when obama inherited the office, rich people were getting big tax breaks. >> you mean the tax breaks that b obama kept? >> yes. >> now they're not is what you're saying? >> yes, they took the tax breaks away. >> how do you explain the top 1% is outpassing by seven times what the lower 99 are making? >> here's exactly what obama -- >> believe it or not, president obama has actually widened the income gap but in a good way, bob, in a good way, because the...
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Dec 6, 2013
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trace gallagher has the story. >> reporter: the tax is called a reinsurance fee. it's on nearly every health plan for the first three years, meant to raise about $25 billion over the three years to help pay for people with pre-existing conditions. if the change is approved nobody would be exempt next year. in 2015 and 2016 groups that act as their own insurance companies and their own claims processors would be exempt to unions that self-insure would greatly benefit. republican senator orin hatch says it certainly looks like the obama administration is looking at a special deal for unions which is deeply concerning given the problems that all americans are facing due to obama care. now the unions argue this is not aimed at them. it's not nearly enough. the laborers union says, again quoting, as the new regulations offer no substantive relief for our health care plan the laborers union will continue to look for opportunities to fix this egregious tax on our members and their families. remember, the unions fought to help the president get elected and fought to pass
trace gallagher has the story. >> reporter: the tax is called a reinsurance fee. it's on nearly every health plan for the first three years, meant to raise about $25 billion over the three years to help pay for people with pre-existing conditions. if the change is approved nobody would be exempt next year. in 2015 and 2016 groups that act as their own insurance companies and their own claims processors would be exempt to unions that self-insure would greatly benefit. republican senator...
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your tax cheat if you are not paying your sales taxes. and people are paying big bucks for sports memorabilia. from the ballfield may be. people pay money for anything. that is what they are paying for a barrel of oil. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. daymac new home sales surging in october taking home builder stocks with them. nicole petallides is at the stock exchange. >> helped to bring them off of the lows of the day, they are not far off of the unchanged line but the new home sales numbers came in and beat the street expectations with a rise of 20.4% to 440,000 beating the estimate of 426,000. of up arr
your tax cheat if you are not paying your sales taxes. and people are paying big bucks for sports memorabilia. from the ballfield may be. people pay money for anything. that is what they are paying for a barrel of oil. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of...
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Dec 9, 2013
12/13
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are not willing to cut medicaid, and republicans are not willing to do tax hikes. paul ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they were just going to it something that was possible, and they decided by looking at all these failed attempts in the past, we will not go there. we will do something that is much smaller, but doable. host: we are talking with ian swanson. there will still be a big budget debate in early 2014. what does that look like? will: one thing this deal not do is it will not raise the debt ceiling. at some point exterior they will have to do that. it is a legal -- little difficult to forecast when it will be, in part because the economy is starting to behave more strongly and as a result that extends the time in which the treasury department can do things. they call them extraordinary measures, to prevent hungers from having to raise the debt ceiling. at some point in time congress will have to do that. the earliest is february, but much more likely that it is sometime close t
are not willing to cut medicaid, and republicans are not willing to do tax hikes. paul ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they were just going to it something that was possible, and they decided by looking at all these failed attempts in the past, we will not go there. we will do something that is much smaller, but doable. host: we are talking with ian swanson. there will still be a big budget debate in early 2014....
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Dec 10, 2013
12/13
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also, our special series this week of a users guide to taxes. important information on what to do now before the new tax year begins. and what not to buy. we are breaking down the list of children's toys to avoid. we are watching out for you tonight on "the willis report." ann the mako. ♪ ♪ ♪ gerri: we begin tonight with a rare
also, our special series this week of a users guide to taxes. important information on what to do now before the new tax year begins. and what not to buy. we are breaking down the list of children's toys to avoid. we are watching out for you tonight on "the willis report." ann the mako. ♪ ♪ ♪ gerri: we begin tonight with a rare
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Dec 4, 2013
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because they will trigger taxes, tax penalties on employers and individuals in those 34 states that have refused to establish an exchange and a number of those employers and individuals, including two state attorneys general, 15 indiana school districts and a dozen more private employers and private citizens have filed suit. four different lawsuits. in fact one of them will have oral arguments this afternoon in washington, d.c. there is judicial remedy for some of these abuses. >> chair now recognizes the gentleman from new york. mr. nadler. >> thank you, mr. chairman. professor rosenkranz has written in the "wall street journal" an oped piece abraham lincoln would not approve. that you comment on that, lincoln would disapprove? >> i read that article with some amusement, i have to say, professor rosenkranz. i think that president lincoln would chuckle at the notion that there is an equation between suspending the writ of habeyuss corps us with a temporary delay in the implementation of regulation that is part of a very complex new law, which is something that happens under all admi
because they will trigger taxes, tax penalties on employers and individuals in those 34 states that have refused to establish an exchange and a number of those employers and individuals, including two state attorneys general, 15 indiana school districts and a dozen more private employers and private citizens have filed suit. four different lawsuits. in fact one of them will have oral arguments this afternoon in washington, d.c. there is judicial remedy for some of these abuses. >> chair...
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free zones were not or that's not true or he were taxed might already taxes him we're going to talk about unemployment here's the thing he's basically cutting taxes in those areas where they haven't had one ride tracks tax breaks for corporations ever since you know reagan came into office it doesn't. you're the last you said you want to have it was not trying to get rid of all the taxes he's trying to lower them to five percent for personal and corporate taxes which is the same this would save one week one of them for the middle seventy four percent down to twenty eight percent a year but the thing is and it exploded the deficit it's only happening in luxor is what they have been over twelve percent unemployment rate so we're talking about highly distressed areas wouldn't you like to see tax cuts go at least to those areas where people are hurting the most where unemployment is the highest tax cuts that have not worked so we've got a policy that for thirty two years we've tried over and over and over again every time we try it it makes things worse and you say oh yes let's do more
free zones were not or that's not true or he were taxed might already taxes him we're going to talk about unemployment here's the thing he's basically cutting taxes in those areas where they haven't had one ride tracks tax breaks for corporations ever since you know reagan came into office it doesn't. you're the last you said you want to have it was not trying to get rid of all the taxes he's trying to lower them to five percent for personal and corporate taxes which is the same this would save...
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Dec 5, 2013
12/13
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CNBC
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they leave out the earned income tax credit, for example. these things are so -- >> you have to look at the report that says all of that stuff. >> we did. that looks much better. jared, let me ask you this. i listened to the president's so-called solution today. he wants to raise the minimum wage, right? he wants more infrastructure spending. he wants to end tax loopholes. he wants more spending. can i just say how totally boring that is? that's all he ever says. the guy either needs, a, a new speech writer or, b, a new policy or preferably both because he can't keep standing up with the same four silly bullets and say that that is going to improve the american economy which is producing the worst economic recovery in the modern era. >> i wouldn't expect you to -- i wouldn't expect you to like three of those four, but the fact that he has consistently talked about lowering the corporate tax -- >> but he didn't talk about that today. >> he did. >> he just talked about closing loopholes. >> he's referencing his plan to lower the corporate rate
they leave out the earned income tax credit, for example. these things are so -- >> you have to look at the report that says all of that stuff. >> we did. that looks much better. jared, let me ask you this. i listened to the president's so-called solution today. he wants to raise the minimum wage, right? he wants more infrastructure spending. he wants to end tax loopholes. he wants more spending. can i just say how totally boring that is? that's all he ever says. the guy either...
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Dec 7, 2013
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we take a look at tax rates. it is congress that appears to allow a certain batch of temporary tax breaks to last at the end of 2013. ray from oklahoma city oklahoma, you are up next. are you there? good morning, you are on. i was calling about -- our man is going to make mistakes. the problem with the world, it does not have anything to do with obama. we have taken god out of everything he is doing. the next thing, minimum wage. i talked to a lot of people atut minimum wage at 7:25 -- $7.25 an hour. people say if you raise minimum wage, the influence will go up. everything else is already going up except minimum wage. years taken almost four to get it to seven dollars $.25. i am 61 years old, i am retired, and i have four kids. i have kids working for memo wage. they got student loans to pay back. journal"ll street talking about unemployment benefits in several stories, set to expire on september 28. several democrats are pushing for a vote to extend the benefits. house democrats propose renewing the program for
we take a look at tax rates. it is congress that appears to allow a certain batch of temporary tax breaks to last at the end of 2013. ray from oklahoma city oklahoma, you are up next. are you there? good morning, you are on. i was calling about -- our man is going to make mistakes. the problem with the world, it does not have anything to do with obama. we have taken god out of everything he is doing. the next thing, minimum wage. i talked to a lot of people atut minimum wage at 7:25 -- $7.25 an...
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Dec 4, 2013
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tax senate democrats are going on cuts to providers. in one release mark pryor release said pryor's deciding vote for obama care cut from medicare including nearly 5.4 billion collectly from arkansas. it's a familiar line of attack that was litigated and litigated and litigated and discredited in the last election. >> when congressman ryan looked into the camera and attacked president obama's medicare savings as "the biggest coldest power play," i didn't know whether to laugh or cry. that $716 billion is exactly to the dollar the same amount of medicare savings that he had in his own budget. >> that's always been a problem for republicans on this line of attack. house republicans tell us that they are not looking at the medicare attack line. they want to continue to highlight individual stories when it comes to health care. stories about canceled plans or higher costs. here's what we know they are not going to do. they are not going to walk away from the issue. it's too potent of an issue for the base and what they believe swing voter c
tax senate democrats are going on cuts to providers. in one release mark pryor release said pryor's deciding vote for obama care cut from medicare including nearly 5.4 billion collectly from arkansas. it's a familiar line of attack that was litigated and litigated and litigated and discredited in the last election. >> when congressman ryan looked into the camera and attacked president obama's medicare savings as "the biggest coldest power play," i didn't know whether to laugh or...
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the federal gas tax -- let's talk about one tax. the federal gas tax. it goes to the highway trust fund. it hasn't gone up in 20 years. but the cost of road repair and road construction has gone up 55%. >> you don't think a lot more people would drive? >> i think that the gas tax -- >> you think just because it hasn't been touched for 20 years -- >> it is declining revenue source because our cars are more fuel efficient -- >> what about -- >> that's not what we're talking about, we're talking about e thing -- >> no, no, no, that's part of it -- >> you need more money, you have other resource, why to you need more money? >> you do need more because since 2008, the general fund has contributed $41 billion to the federal highway trust fund. you're asking people, you're basically -- drivers are not paying their way -- >> wait, let me just finish one thing -- >> wait, let me -- >> i pay 12 bucks a day. i'm not using up -- >> you don't know that for a fact. we are not paying -- >> so you are for what this congressman -- you're agreeing with a guy who has a bi
the federal gas tax -- let's talk about one tax. the federal gas tax. it goes to the highway trust fund. it hasn't gone up in 20 years. but the cost of road repair and road construction has gone up 55%. >> you don't think a lot more people would drive? >> i think that the gas tax -- >> you think just because it hasn't been touched for 20 years -- >> it is declining revenue source because our cars are more fuel efficient -- >> what about -- >> that's not what...
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Dec 2, 2013
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it notes expiring tax provisions , that more than 60 tax provisions are set to expire at year's end. also on thatalso on that my to-s the medicare reimbursement for doc there's. --for doctors. this first session of the hundred 13th congress passing under -- enacting just under 60 pieces of legislation. carl is up from kansas city, missouri on our lines for democrats. good morning. i am a liberal democrat from kansas city, missouri and i want to say a couple of things real quick. the media has gotten 80% of -- 40% of americans think he is a communist from kenya. and obama is a moderate republican. he is lower taxes for the very rich when they were supposed to be temporary. but because of clinton's surplus they have extended that. he got caught in an economic bind and he helped out the bankers. what he is doing with the insurance company are trying to do is trying to use free enterprise to regulate and turn the insurance companies who, by andway, are scam artists, turned them into a regulated utility and set some rules for the game and all the subsidies are going to the insurance compa
it notes expiring tax provisions , that more than 60 tax provisions are set to expire at year's end. also on thatalso on that my to-s the medicare reimbursement for doc there's. --for doctors. this first session of the hundred 13th congress passing under -- enacting just under 60 pieces of legislation. carl is up from kansas city, missouri on our lines for democrats. good morning. i am a liberal democrat from kansas city, missouri and i want to say a couple of things real quick. the media has...
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Dec 8, 2013
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corporate income tax is 35%. economic enterprise zones would expedite these visas for people who have $50,000. let them come to our country. i don't think you want a handout. just look at your history of innovation. look at the proud history of detroit. look at henry ford who not only produced a car that his assembly line men and women could afford to buy, he also shortened the workweek and increased wages. we were the industrial giant of the world. detroit was the greatness of america. government didn't do this. you did this. government didn't discover and create motown greats like smoky robinson or diana ross. today doesn't need to be any different. we need to look at ourselves, look in the mirror and allow ours the freedom to create and innovate. you have leaders like this. think of dan gilbert of quicken loans that are pouring their hearts and souls and money into detroit. quicken loans has spent more than $1 billion in detroit over the last few years and moved 3600 employees into the city. creating thousands
corporate income tax is 35%. economic enterprise zones would expedite these visas for people who have $50,000. let them come to our country. i don't think you want a handout. just look at your history of innovation. look at the proud history of detroit. look at henry ford who not only produced a car that his assembly line men and women could afford to buy, he also shortened the workweek and increased wages. we were the industrial giant of the world. detroit was the greatness of america....
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Dec 3, 2013
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with the smaller tax base, city leaders did not reduce the budget. under pressure from labor unions, they never reduced things like health benefits or bonuses. when the budget was in the red the borrowed. judge steven rhodes wondered out loud why this hadn't happened sooner as he made the historic ruling that detroit is eligible for chapter 9 bankruptcy. now pension, for more than 23,000 firefighters, police and other municipal employees are facing the potential of dramatic reductions. >> we're trying to be very thoughtful, measured and humane about what we have to do. what i can tell them is that the reality is there's not enough money to address the situation no matter what we do >> reporter: the american federation of state, county and municipal employees immediately filed a notification of appeal, noting that there is no insurance to act as a bock stop for city pensioners, they just lose money. also noting that judge rhodes determined the city did not bargain with pension representatives in good faith but there was no practical way to do so. >> w
with the smaller tax base, city leaders did not reduce the budget. under pressure from labor unions, they never reduced things like health benefits or bonuses. when the budget was in the red the borrowed. judge steven rhodes wondered out loud why this hadn't happened sooner as he made the historic ruling that detroit is eligible for chapter 9 bankruptcy. now pension, for more than 23,000 firefighters, police and other municipal employees are facing the potential of dramatic reductions. >>...
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Dec 4, 2013
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need to change all of them so the country will benefit from the revolution of the people while anti tax and protesters plan the next phase of the return to topple the elected government parents and sister the current prime minister called for dialogue. all i would like to avoid academics businessmen and groups from all walks of life including political protesters to work to get there and hold a forum to express their opinions to find an answer and reform the political situation into a democratic system or taking as its leader the guard louis demonstrators see the one in block shinawatra not hinting that the plan to resume their ancient ones that came to blows at his birthday candles in all screwy and powerful and cool the skin joan hughes may have been roomies from his pace as according to to make is in south korea the country's spy agency told them that johnstone kayak vice chairman of the north's top of that utility companies seen in for a few weeks ago michael is a saying that to be uncouth close aides have been executed for corruption not to abide in his voice us opposition to china
need to change all of them so the country will benefit from the revolution of the people while anti tax and protesters plan the next phase of the return to topple the elected government parents and sister the current prime minister called for dialogue. all i would like to avoid academics businessmen and groups from all walks of life including political protesters to work to get there and hold a forum to express their opinions to find an answer and reform the political situation into a...
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Dec 4, 2013
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i can't think of another corporation out there that might need another tax break. but you know what we're talking about over on the right, we're convincing americans that it's those damn food stamps. they're the problem. they're the takers, those fat, poor people. how come they can't find work? it's their fault. they're lazy. and then, of course, when it comes to the big takers, it's these guys. these guys, limbaugh and o'reilly, the biggest conservative voices and media profiles out there, they actually think that poor people in this country make too much. and if they are poor, it's only their fault. their fault. merry christmas. get your cell phones out. i want to know what you think. tonight's question. do republicans want to make poor people poorer? text a for yes, b for no. to 67622. you can always go to our blog at ed.msnbc.com. we'll bring the results later on in the show. my dad used to tell me that money does funny things to people. en, son, don't of forget where you came from. it's the best advice i ever had. i would like to know if mr. o o'reilly could t
i can't think of another corporation out there that might need another tax break. but you know what we're talking about over on the right, we're convincing americans that it's those damn food stamps. they're the problem. they're the takers, those fat, poor people. how come they can't find work? it's their fault. they're lazy. and then, of course, when it comes to the big takers, it's these guys. these guys, limbaugh and o'reilly, the biggest conservative voices and media profiles out there,...
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Dec 4, 2013
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i will postpone the tax one year for small businesses. he is postponing taxes. since i have no life i have read a obamacare. i do not see that in their where the president, we gave him the authority to postpone a tax but he does it. if he has the legal authority to do that, which i doubt, but he used that authority, what is to prevent him from just going and looking at the irs code which is a mess. i do not know any american who thinks the irs code is a good bill. but rather than fix it, we just make it bigger every year. so the president goes to the irs code and says this group of businesses, they are just having a bad year. like green businesses or we could use the energy companies on the other end. the oil and gas industry. i will postpone paying income tax for year. because i said so. dotake this group and something similar. tweak their tax rather than pay 38%. they will pay 20% for the next year. it seems to me if he has the legal authority to amend taxes which the affordable care act is a tax according to the supreme court. what is to prevent him from just
i will postpone the tax one year for small businesses. he is postponing taxes. since i have no life i have read a obamacare. i do not see that in their where the president, we gave him the authority to postpone a tax but he does it. if he has the legal authority to do that, which i doubt, but he used that authority, what is to prevent him from just going and looking at the irs code which is a mess. i do not know any american who thinks the irs code is a good bill. but rather than fix it, we...
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Dec 3, 2013
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tax money to buy american-made. think back on jefferson who told his treasury secretary, give me a plan for the next century. the 18 hub's -- the 1800's. an economic development plan. and teddy roosevelt and then franklin roosevelt. eisenhower. men of vision, leaders of vision that were willing to step forward, willing to use the resources of this nation, collecting those resources and dispensing those resources across the nation, to build the foundation for economic growth. the make it in america agenda is available to us today. that agenda is a trade policy that protects american industry. not a free trade that gives it away, but a fair trade policy that protects american industry , a tax policy that encourages economic growth here in the united states. that rewards corporations for bringing it home and ends tax breaks for corporations that ship the jobs offshore. an energy policy that utilizes the great energy capacity of this nation, everything from conservation and wind and solar and indeed the petroleum produc
tax money to buy american-made. think back on jefferson who told his treasury secretary, give me a plan for the next century. the 18 hub's -- the 1800's. an economic development plan. and teddy roosevelt and then franklin roosevelt. eisenhower. men of vision, leaders of vision that were willing to step forward, willing to use the resources of this nation, collecting those resources and dispensing those resources across the nation, to build the foundation for economic growth. the make it in...
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Dec 7, 2013
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if tax breaks help revitalize a city, what does that tell you? tax increases and increase regulations strangle a city and makes it impossible for it to grow. detroit is rock bottomless. if there's something you can kweez sk squeeze out of that city, you're going to do it. it's time for them to get out and let the republicans have a shot. >> all democrats there were not -- there were a lot of them -- >> they're all in jail, bob. >> if this works and i pray it does work, i'd be willing to say, you're right. low taxes and low regulations help but i'll be the first one to say it. it's a good idea for democrats to stand back and not criticize this right away and say what's our other choice here? >> the republican obama care. >> the free trade zones in texas. >> very quickly, kimberly, there's a bunch of other cities, in fact, the state -- the whole state of illinois is probably in worst shape than the city of detroit. >> that's why i think this is a great platform. it does show he has higher aspirations but i like a man of idea and vision and purpose.
if tax breaks help revitalize a city, what does that tell you? tax increases and increase regulations strangle a city and makes it impossible for it to grow. detroit is rock bottomless. if there's something you can kweez sk squeeze out of that city, you're going to do it. it's time for them to get out and let the republicans have a shot. >> all democrats there were not -- there were a lot of them -- >> they're all in jail, bob. >> if this works and i pray it does work, i'd be...